5/4, 10:34 PM (Source: TeleTrader)
more TeleTrader news

Yellen: Cryptocurrency regulation 'well-worth addressing'

United States Treasury Secretary Janet Yellen conceded on Tuesday that the US doesn't have an "adequate" regulatory framework for cryptocurrencies and that this is a topic "well-worth" addressing.

"We don't really have an adequate framework to deal with the different issues that they pose from a regulatory perspective," Yellen stated during an event organized by The Wall Street Journal.

Last week, the CEO of Ripple Labs, the company behind the Ripple payment protocol and exchange network, Brad Garlinghouse said that the US has failed to provide regulatory clarity on cryptocurrencies found in some Asian countries.

Breaking the News / JC